• Nayla Finance secures USD 4M seed funding to support micro-businesses in Saudi Arabia.
• With the funding, the startup aims to enhance its platform, focusing on accessible financing and loan book growth.
• The startup aims to empower SMEs with tech-driven financial solutions and partnerships.

Nayla Finance

What happened? Saudi’s Nayla Finance secured USD 4 million in seed funding. The round was led by Sanabil Venture Studio by Stryber. 

“Nayla Finance is tackling a critical funding gap for micro-businesses, a segment forming the backbone of the Kingdom’s SME sector.”

 Rayan Aebi, CEO of Sanabil Venture Studio, and General Partner of the Fund

What will they use the funding for? With the funds, the startup aims to fuel product and business development. In addition, it aims to build its  Nayla’s loan book and provide essential capital to micro-business across Saudi Arabia. Furthermore, it aims to deploy USD 2.7 million additional debt financing to build its loans book.

Furthermore, Nayla Finance aims to accelerate its mission to provide fast, accessible, and technology-driven financing solutions for microbusinesses. It also aims to enhance its data-driven lending platform, scale operations, and expand partnerships with key sectors such as F&B, e-commerce and retail. 

Micro Businesses

Who are they? Nayla Finance is a technology- driven microfinance company that aims to empower micro businesses in Saudi Arabia. Moreover, through its cloud-based lending platform, it aims to provide fast and accessible financing solutions tailored to the needs of small entrepreneurs.

Khalid Naili, Co-founder & Chief Risk Officer said, “By leveraging technology, alternative data, and advanced risk models, we are redefining creditworthiness and unlocking financing for businesses that drive the economy.”

Why does this matter? By aiming to simplify the lending process through data-driven credit assessments and seamless digital journey, Nayla Finance seeks to ensure that small business owners can access financing without the friction of traditional banking requirements.